Change - Announcement of Cessation::Cessation of Chief Talent Officer and General Counsel

Issuer & Securities

Issuer/ Manager
Ayondo Ltd.
AYONDO LTD. - SG1ED1000001 - 1I5
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jun-2019 18:34:12
Announcement Sub Title
Cessation of Chief Talent Officer and General Counsel
Announcement Reference
Submitted By (Co./ Ind. Name)
Thomas Winkler
Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of ayondo Ltd. (the "Company" and together with its subsidiaries, the "Group") wishes to announce the cessation of Ms Angela Sadler as Chief Talent Officer and General Counsel of the Group.

Kindly note that the Company's Sponsor, UOB Kay Hian Private Limited (the "Sponsor") has yet to conduct the exit interview with her as at the date of this announcement. It is further noted that the Company has not been able to obtain Ms Angela Sadler's confirmation on the contents of this announcement and accordingly, the Company has prepared this announcement based on the information available to the Company. Where necessary and should the Company be able to obtain Ms Angela Sadler's confirmation on the content of this announcement and/or subsequent to such interviews and enquiries, the Company will release a follow up announcement if there is any subsequent material information.

The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 March 2018. The initial public offering of the Company was sponsored by UOB Kay Hian Private Limited.

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Gregory Wee Toon Lee, Assistant Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Angela Sadler
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Following the completion of the disposal of ayondo Markets Limited, the Company received a formal cessation notification that Ms Angela Sadler has ceased to be the Chief Talent Officer and General Counsel of the Group with effect from 13 June 2019.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Talent Officer and General Counsel
Role and responsibilities
Executive. Ms Angela Sadler is responsible for overseeing the Group's human resource and personnel management, and in her role as General Counsel all legal matters arising including crisis management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Ms Angela Sadler holds 402,300 ordinary shares in the Company.
Past (for the last 5 years)
1. Comsec Investigations Limited
2. Comsec Solutions Limited
3. Comsec Sports Limited
4. Papa Joe's Holdings (UK) Ltd
5. Papa Joe's Publishing Ltd
6. Papa Joe's Records Ltd
7. Taywell Ice Creams Limited
8. Shoreditch Music Limited*
9. Jass Consulting Ltd*

*Company has been dissolved.
1. ayondo Markets Limited
2. Sycap Group (UK) Limited
3. Fulham Legal Advice Centre